PARKE BANCORP INC (PKBK) Technical Analysis
NASDAQ:PKBK • US7008851062
Current stock price
PKBK Technical Rating and Analysis
Taking everything into account, PKBK scores 8 out of 10 in our technical rating. In the last year, PKBK was one of the better performers, but we do observe some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that PKBK is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by PKBK over the past year are nicely spread over this period.
- PKBK is one of the better performing stocks in the Banks industry, it outperforms 94% of 381 stocks in the same industry.
- PKBK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PKBK is performing more or less in line with the market.
- In the last month PKBK has a been trading in the 26.41 - 29.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PKBK Weekly and Daily overview Charts
PKBK Setup Rating and Analysis
Besides having an excellent technical rating, PKBK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 28.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.13, a Stop Loss order could be placed below this zone.
More info and screens
PKBK Support and Resistance Analysis
20.67
4 important support areas can be observed.
- A support zone ranging from 27.13 to 27.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.19 to 22.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.40 from a trend line in the weekly time frame.
- Support @20.88 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.71 to 28.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
PKBK Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PKBK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PKBK is neutral. |
| ChartMill Relative Strength | 86.62 | POSITIVE | PKBK has a high relative strength, it outperformed 86.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PKBK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKBK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PKBK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.16 | NEUTRAL | The RSI value for PKBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests PKBK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.09 | NEUTRAL | The Stochastics value for PKBK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for PKBK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.23 | NEUTRAL | The ADX value for PKBK suggests a possible start of a new trend. |
PKBK Chart- and CandleStick Pattern Analysis
PKBK Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.53 | 27.12 | 0.41 (1.47%) | 25.00% |
| An entry @27.53. This is a Buy Stop order right above the 10 day moving average. | An exit @27.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.41 points, which is 1.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- The distance between exit and entry is rather small compared to the average daily movement of PKBK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PKBK Technicals: Chart, Performance Metrics, Trend & Indicators
27.14
-0.11 (-0.4%)
PARKE BANCORP INC / PKBK TA FAQ
Can you provide the ChartMill technical rating for PARKE BANCORP INC?
ChartMill assigns a technical rating of 8 / 10 to PKBK.
What is the current trend direction of PARKE BANCORP INC (PKBK) stock?
The current trend direction for PARKE BANCORP INC (PKBK) is Bullish.
What is the RSI signal for PKBK stock?
PARKE BANCORP INC (PKBK) has an RSI value of 43.1557. This indicates that the stock is currently neutral.
What is the MACD signal for PKBK stock?
The MACD indicator for PARKE BANCORP INC (PKBK) has a value of -0.185214, indicating a bearish trend.
What is the support and resistance level for PKBK stock?
PARKE BANCORP INC (PKBK) has a support level at 27.13 and a resistance level at 28.71. Check the full technical report for our detailed analysis of PKBK support and resistance levels.